Delta says new U.S. tariffs on Airbus will hurt profits, inflict ‘serious harm’
Delta Air Lines Inc warned on Wednesday that new U.S. tariffs on Airbus planes “will inflict serious harm on U.S. airlines” and shrink the company’s profits.
Wall Street tumbles as trade war threatens U.S. economy
Wall Street’s main indexes suffered their sharpest one-day declines in nearly six weeks on Wednesday after employment and manufacturing data suggested that the U.S.-China trade war is taking an increasing toll on the U.S. economy.
Oil slides 2% as U.S. inventories build, weak economic data weighs
Oil prices fell more than 2% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global financial markets.
U.S. wins backing for $7.5 billion of tariffs on Europe in Airbus clash
The United States won approval on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.
Pompeo says U.S. tariffs after WTO ruling could include cheese, wine
U.S. Secretary of State Mike Pompeo said on Wednesday that retaliatory U.S. tariffs following the World Trade Organization ruling over European illegal subsidies for planemaker Airbus could include cheese and wine.
Florida joins Justice Department settlement with Sprint, T-Mobile
Florida has signed on to a consent agreement that the Justice Department reached with Sprint Corp and T-Mobile US Inc to allow the companies to merge, according to a court filing on Wednesday.
U.S. set to quickly widen trade war with EU tariffs after WTO ruling: sources
The United States’ top trade body is likely to release a list of European goods subject to new tariffs Wednesday afternoon, after the World Trade Organization’s landmark ruling on illegal aircraft subsidies, industry sources said.
Analysts cut estimates for Exxon’s third-quarter profit on weaker oil prices
Analysts on Wednesday trimmed their profit estimates for Exxon Mobil Corp after the largest publicly traded oil producer pointed to weaker third-quarter results in a regulatory filing due to weaker oil prices and chemicals margins.
U.S. auto safety agency notes Tesla accidents with ‘Smart Summon’ feature
The U.S. National Highway Traffic Safety Administration (NHTSA) said Wednesday it is aware of reports of minor crashes involving Tesla Inc’s Smart Summon feature that allows people to retrieve a parked vehicle remotely by using an app.
Slowing U.S. private hiring adds to gloom over economy
Hiring by U.S. private employers slowed further in September, suggesting that trade tensions, which have pressured manufacturing, could be spilling over to the labor market.
